Norway – Country Performance, Brand Strength and Reputation

Norway is a leading economic powerhouse in Northern Europe, largely driven by its substantial oil and gas reserves, which have made it one of the wealthiest countries in the world. Despite its heavy reliance on fossil fuels, the country has made conscious efforts to diversify its economy by focusing on sectors such as seafood, shipping, renewable energy, and technology.

But what do leading rankings and indices say about Norway’s economic competitiveness, its sustainability, country brand strength, and reputation?

Let’s take a closer look at:

• Norway’s soft power and country brand strength
• Its appeal to skilled labour, investors, and visitors
• The country’s global contribution to peace and well-being
• How well it fares in terms of happiness and sustainability

Soft Power and Country Brand Strength

In the Global Soft Power Index 2024 by Brand Finance, Norway secures the 17^th spot, slightly trailing Russia (16^th) and South Korea (15^th). Its score has grown by +4.20, though its position has remained the same as last year’s index.

In the U.S. News Best Countries 2023 ranking, Norway secures the 11^th position behind the Netherlands (10^th) and the United Kingdom (9^th). Notably, it excels in three key areas: Quality of Life (2^nd), Social Purpose (2^nd), and Open for Business (2^nd).

The Anholt-Ipsos Nation Brand Index (NBI) calculates its ranking based on averaging the scores of six different factors: exports, governance, tourism, culture, people, and immigration. According to the NBI 2023 ranking, Norway secured the 12^th position, an improvement from 21^st position in 2022.

The World Economic Forum Global Competitiveness Index 2019 edition placed Norway at the 17^th position among 141 countries. However, it’s important to note that an updated version of this report hasn’t been released in the past five years, and rankings may have shifted since then.

Is Norway a ‘Good’ Country?

In the CAF World Giving Index 2023, Norway ranked 19^th, trailing behind the United Kingdom (17^th) and Ireland (18^th). Notably, it performs admirably in the subfactor of helping a stranger, with 59% of the adult population partaking in such activity, and in the subfactor of donated money (61% of adults). Norway improved from 32^nd position in the CAF World Giving Index 2022.

In the Good Country Index, Norway currently holds the 11^th overall position, dropping by one position since 2022. It was admirably ranked 1^st in Planet & Climate in last year’s ranking, but the country dropped to 6^th place in 2023. Norway also ranks in the top five in Prosperity & Equality (2^nd), World Order (4^th), and Health & Wellbeing (5^th).

Other subfactors ranked as follows: Science & Technology (40^th), Culture (18^th), International Peace & Security (86^th). Norway experienced a drop in International Peace & Security from 50^th place in 2021 to 86^th position in 2023, while Prosperity & Equality improved from 50^th position in 2022 to 2^nd in 2023.

According to the Economist Intelligence Unit (EIU) Democracy Index 2023, Norway ranked in the dark blue (9-10 range) with a score of 9.81 out of 10. This is similar to other Nordic countries: Sweden (9.39) and Finland (9.29), but notably higher than neighbouring Russia (2.28) or nearby Belarus (1.99).

The 2022 Corruption Perception Index ranks Norway 4^th, behind New Zealand (2^nd) and Finland (2^nd). Its score has dropped by one point since 2021.

How Appealing for Talent?

Norway, classified as a high-income country within the Europe regional group, currently holds the 7^th overall position and 5^th regional position in the Global Talent Competitiveness Index 2023. Notably, it ranks high in all pillars; however, the best one is the Retain pillar (3^rd), while the Attract pillar presents the country’s biggest challenge, where it ranked 14^th.

In terms of education excellence, Norway does not have any university within the top 100 worldwide, according to the World University Rankings 2024. However, the University of Oslo ranked 127^th in this ranking.

The Expat Insider 2023 ranks Norway 52^nd, at the bottom of the list of countries that are friendly to live and work. Only Kuwait is behind Norway, ranked at 53^rd. Expats describe Norway as unfriendly and expensive. The country performs well in Environment and Climate (14^th), Safety and Security (6^th), Work and Leisure (13^th), and Salary and Work Security (4^th).

Appeal to Investors, Trade, and Travel

The Bloom Consulting biannual Country Brand Ranking Trade Edition 2022-2023 assesses investment-related variables, emphasising perceptions of a country’s trade-specific brand and evaluating branding performance. Regionally, Norway ranks 18^th, surpassing the Czech Republic (19^th) and behind Ukraine (17^th). Worldwide, it ranks 46^th.

In addition, the Bloom Consulting Country Brand Ranking Tourism Edition 2022-2023 places Norway at the 13^th position in the Europe Region, climbing one position since last year’s ranking. It ranks behind the Russian Federation (12^th) and Denmark (11^th). Worldwide, Norway ranks in the 23^rd place, behind India (22^nd) and surpassing New Zealand (24^th). Norway amazes visitors with its stunning nature, fascinating culture, and modern design, offering a special mix of old and new to discover and enjoy.

In the IMD 2023 World Competitiveness Ranking, Norway secured the 14^th position, dropping by five positions since 2022. Currently, it sits just behind Belgium (13^th) and Qatar (12^th) while surpassing Canada (15^th) and Iceland (16^th).

Regarding specific characteristics, Norway ranked 17^th in Economic Performance in 2023, improving from 25^th position in 2022. Government Efficiency ranked 9^th and experienced a slight drop of four positions compared to 2022. It also slightly dropped its position for Business Efficiency from 10^th in 2022 to 18^th in 2023. Infrastructure in the country ranked 8^th, with a slight drop of two positions since 2022.

Peace & Happiness

The Global Peace Index 2023 ranks Norway 24^th, dropping by six positions since last year’s index. It now sits ahead of Estonia (25^th) and Slovakia (26^th) and falls in the high sector of the ‘State of Peace’ spectrum, as defined by the Institute for Economics & Peace. Norway is positioned 15^th regionally amongst its fellow European countries, led by Denmark (2^nd) and Iceland (1^st).

The Institute for Economics & Peace similarly ranks Norway within the ‘very low impact’ zone in terms of ‘Impact of Terrorism’ in the 2024 Global Terrorism Index. It ranks 53^rd, behind Canada (52^nd) and ahead of Ukraine (54^th) and Spain (55^th).

Meanwhile, the World Happiness Report 2023, which displays the Ranking of Happiness based on a three-year average (2021–2023), ranks Norway 7^th, behind the Netherlands (6^th) and ahead of Luxembourg (8^th). Norway climbed by one position in 2022. It also ranked 20^th for happiness amongst youth (age below 30) and 3^rd for happiness amongst the elderly (age 60 and above).

Sustainability Performance

The 2022 edition of the Environmental Performance Index (EPI) ranks Norway 20^th. The EPI analyses the performance of 180 countries, scoring and ranking these countries on their environmental performance using the most recent year of data available, as well as providing calculable changes in scores over the previous decade. It has experienced a change in score of positive 5.80 in the past 10 years.

The Sustainable Development Report 2023 ranks Norway 7^th.

Last updated in April 2024. More country profiles here.

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Disclaimer: The information in this article is intended to provide a general overview of Norway’s economic and cultural landscape and facilitate comparison over time. While we strive for accuracy and completeness, we are not responsible for any typographical errors or inaccuracies. The data is provided “as is” without warranty of any kind. Users should verify any information before relying on it for decision-making purposes.